Lockton Enters Indian Market With Arihant Insurance Broking's Acquisition
Global insurance broker expands reach to meet rising demand for risk management in India
Lockton, a global independent insurance brokerage firm, has received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) to acquire Arihant Insurance Broking Services Limited. This acquisition marks a significant step in Lockton’s strategic expansion, aimed at addressing the increasing demand for advanced risk management solutions in India.
Arihant Insurance Broking, part of the Arihant Capital Group, is being divested as Arihant Capital refocuses on its core equity broking business. Lockton, with over 135 offices worldwide, plans to leverage its extensive global expertise to offer specialised insurance and risk consulting tailored to the Indian market.
Sandeep Dadia, CEO and Country Head of Lockton India noted, “With this approval, we are ready to meet the demand for robust risk management solutions. Our team is focused on delivering technical expertise and forging strategic partnerships with clients.”
This acquisition aligns with Lockton’s commitment to expand in emerging markets, offering comprehensive risk management and insurance services that support clients in navigating complex challenges.
